Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: Bitget against KuCoin+0.163%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 7 days−0.210%−$21 · spread now +0.163%, 7d avg +0.041%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.122% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2447	0.0100	pay 0.0050% / 4h	2h 08m	$4.1M	$16.1M	75x
Short	Bitget WIFUSDT	0.2451	0.0100	get 0.0050% / 4h	2h 08m	$7.5M	$15.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.041%: $12.24
Slippage, 4 orders: −$51.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.97
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	4.10 bp	26.0 bp −$26	76.2 bp −$762	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.05 bp	14.2 bp −$14	33.4 bp −$334	129.9 bp −$13.0K	doesn't fit

WIF on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin WIF-USDT	−0.0140%	4h	0.2447	0.000%	$960K	$918K	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2453	+0.225%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2446	−0.041%	$32K	$274K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2449	+0.096%	—	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0056%	1h	0.2443	−0.163%	$73K	$319K	10x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0083% / S +0.0034%	1h	0.2453	+0.235%	$9K	—	100x	as long as short
Lighter WIF	+0.0096%	1h	0.2454	+0.286%	$143K	$679K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2454	+0.286%	$53K	$570K	20x	as long as short
Hyperliquid WIF	+0.0100%	1h	0.2450	+0.123%	$8.5M	$6.4M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2452	+0.223%	$29K	$339K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica WIF	+0.0100%	1h	0.2451	+0.177%	$77K	$69K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2452	+0.223%	$18.7M	$141.2M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2453	+0.245%	$16.6M	$46.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2451	+0.163%	$5.5M	$40.8M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2452	+0.204%	$1.1M	$9.1M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2452	+0.204%	$22.2M	$12.2M	50x	as long as short
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2447	long leg	$4.1M	$16.1M	75x
Bitget WIFUSDTshort	+0.0100%	4h	0.2451	+0.163%	$7.5M	$15.5M	50x
BingX WIF-USDC	+0.0100%	4h	0.2449	+0.082%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2450	+0.126%	$73K	$190K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2452	+0.219%	$280K	$2.7M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	0.000%	$45K	$630K	25x	as long as short
Orderly PERP_WIF_USDC	+0.0100%	4h	0.2447	0.000%	$5K	$1.1M	10x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2450	+0.123%	$2K	$3.1M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2445	−0.086%	$564	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2451	+0.163%	$150K	$866K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2450	+0.124%	$11K	$165K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2445	−0.061%	$82K	$85	3x	as long as short
Kraken Futures PF_WIFUSD	+0.0244%	1h	0.2446	−0.028%	$633K	$2.6M	50x	as long as short
Coinbase International WIF-PERP-INTX	+0.0416%	1h	0.2452	+0.204%	$328K	$3.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2453	+0.260%	$0	—	15x	as long as short
Injective WIF/USDC PERP	+0.0707%	1h	0.2401	−1.880%	$10K	$10K	12x	as long as short